Crypto Asset Secondary Service Provider (CASSPr) licensing reforms
Treasury consultation 2024 on bespoke crypto licensing — separate from AFSL.
Who must comply
Crypto exchanges, custodians, lenders operating in Australia.
What triggers it
Final regulations on commencement.
When due
TBD; transition period expected.
Evidence required
Licence application; consumer protection compliance plan.
Max penalty
Operating without licence will attract civil + criminal penalties
Summary
Treasury consultation paper (October 2024) proposes a bespoke licensing framework for crypto-asset secondary service providers (exchanges, custody, lending). Distinct from AFSL regime. Final regulations expected 2025-2026.
Enforced by
Industries
Topics
Source: https://treasury.gov.au/consultation/c2024-561801. Rules Mate is not a law firm. Always verify against the live regulator source before acting.